Press release
CAGR of 2.85% by installed capacity for Small Hydropower Market :2024
Small Hydropower Market
The last few years have been extremely profitable for the global small hydropower market with government bodies around the world rooting for renewable sources of energy. Besides being eco-friendly, small hydro plants make a clean source of renewable energy and also one of the cheapest ones available in the market today. Spurred by these factors, the global small hydropower market is poised to exhibit a robust growth between 2015 and 2023.
Small hydro power plants have a life span of nearly 50 years hence make a reliable and economical source of energy. In addition, setting up these plants require low capital investment considering they require minimum reservoirs and civil construction works. Transparency Market Research (TMR) adds that operational and maintenance cost incurred in any small hydropower plant is seldom over 2% to 3% of the overall capital cost.
TMR however forecasts a moderate CAGR of 2.85% by installed capacity for the global small hydropower market between 2015 and 2023. At this pace, the installed capacity of the market, which stood at 94.70 GW in 2014, is expected to reach 146.65 GW before 2023 ends.
Asia Pacific to Emerge Dominant in Global Small Hydropower Market
Regionally, Asia Pacific held a clear dominance in the global small hydropower market with a share of 70.29% in 2014. The Asia Pacific market can be further classified into India, Japan, China, and Rest of Asia Pacific. Both India and China boast strong rural electrification initiatives, which have been accelerating the demand for renewable sources of energy, and thus the small hydropower market in the region.
Some of the most prominent hydropower projects in the region include Siemens AG, Alstom AG, and Voith GmbH. Besides these international names, the Asia Pacific market also has a considerable representation by domestic players. Besides the increasing demand for power, favorable initiatives in place across emerging economies have been giving impetus to the market. For instance, the Rajiv Gandhi Grameen Vidyutikaran Yogjna (RGGVY) promotes technologies such as small hydropower, which can supply off-grid power to areas witnessing electricity deficit.
While China is currently leading the Asia Pacific small hydropower market in terms of installed capacity, positive outlook is also projected across countries such as the Philippines, Malaysia, and Vietnam.
Europe is Expected to Retain its Position as Second-leading Market for Small Hydropower
Besides Asia Pacific, the market will also witness opportunities across Europe, North America, South and Central America, and the Middle East and Africa. Among these nations, Europe holds considerable potential for growth. The small hydropower market in Europe currently held a share of 12.91% in the global market based on installed capacity in 2014. Over the course of the forecast period, Europe is expected to retain its position as one of the leading markets for small hydropower in the world. Furthermore, the increasing share of renewable energy in Italy and Russia played a major role in augmenting demand from the small hydropower market in Europe.
Some of the leading companies operating in the global small hydropower market are ANDRITZ HYDRO GmbH, Voith GmbH, BC Hydro, Alstom S.A., and StatKraft AS.
About Us
Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.
TMR’s data repository is continuously updated and revised by a team of research experts so that it always reflects the latest trends and information. With extensive research and analysis capabilities, Transparency Market Research employs rigorous primary and secondary research techniques to develop distinctive data sets and research material for business reports.
Contact
Transparency Market Research
90 State Street, Suite 700
Albany, NY 12207
Tel: +1-518-618-1030
USA - Canada Toll Free: 866-552-3453
Email: sales@transparencymarketresearch.com
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release CAGR of 2.85% by installed capacity for Small Hydropower Market :2024 here
News-ID: 428722 • Views: …
More Releases from Transparency Market Research-Energy
Titanium Diboride Market
Titanium diboride is a part of metallic hard materials group. It is widely known for its extreme hardness and its composition. It is composed of boron and titanium that are known for its resistance to mechanical erosion. It is also known to be a reasonable electrical conductor and therefore has application as a cathode material in aluminum smelting. It can also be shaped by electrical discharge machining. Titanium diboride is…
Static VAR Generator Market Projected to Grow at Steady Rate through 2025
Static VAR (Volt-Ampere Reactive) Generator which is also called high-voltage dynamic responsive power gadget & static synchronous compensator, performs dynamic power compensation with the help of reactive power compensation by a self-commutated control semiconductor connect inverter. Power quality has critical effect on power efficiency of static VAR generator. Good power quality lessens the vitality of energy loss and expands equipment lifespan for lower cost of static VAR generator.
Various industries are…
Torque Limiter Market Assessment and Forecast Report by Transparency Market Rese …
Torque Limiter Market: Overview
A torque limiter is a device that automatically shields mechanical equipment and its work from being damaged because of mechanical overload. It is possible for the torque limiter either uncouple the load completely (shear pin) or simply limit torque by slippage. A torque limiter is particularly useful to reduce damage caused by crash jams and stops. Torque limiters could either be packaged as a hub for sheave…
Stormwater Treatment Systems Market Set to Witness Steady Growth through 2017-20 …
Global Stormwater Treatment Systems Market: Overview
Stormwater originates during ice melts and precipitation events. It can run off or be held on the surface eventually getting evaporated or soak into the soil (called infiltration). Stormwater treatment means the removal of toxins and pollutants from the water. Running stormwater is a major source of pollution. The increased flow of stormwater can encourage weed…
More Releases for Small
Succeeding Small Launches Small Business Give-Back Giveaway in Celebration of Sm …
Succeeding Small Launches Small Business Give-Back Giveaway in Celebration of Small Business Month
Honoring Local Colorado Springs Businesses That Make a Difference in Their Community
COLORADO SPRINGS, CO - Succeeding Small, a go-to guide for small business success in small business marketing, is celebrating Small Business Month with the launch of its Small Business Give-Back Giveaway - a contest aimed at honoring the small, service-based businesses that make a meaningful difference in…
Small Molecules, Big Impact: The Rise of the Small Molecule Immunomodulators Mar …
Small Molecule Immunomodulators Market worth $270.8 Bn by 2031 - Exclusive Report by InsightAce Analytic Pvt. Ltd.
InsightAce Analytic Pvt. Ltd. announces the release of a market assessment report on the "Global Small Molecule Immunomodulators Market - (By Product (Disposable, Reusable), By Application (Colorectal, Thoracic, Orthopedic, Ophthalmology, Neurosurgery, Cardiac Surgery, Gynecology, Others), By End User (Hospitals, Ambulatory Surgical Centers, Clinics, Others)), Trends, Industry Competition Analysis, Revenue and Forecast To 2031."
According to…
Powering Small: Small Gas Engines Market Advances (2023-2032)
"According to the research report, the global small gas engines market was valued at USD 2.75 billion in 2022 and is expected to reach USD 4.23 billion by 2032, to grow at a CAGR of 4.4% during the forecast period."
Polaris Market Research has recently published the latest update on Small Gas Engines Market: By Size, Latest Trends, Share, Huge Growth, Segments, Analysis and Forecast, 2030 that offers detailed market analysis,…
Small Batch Freeze Dryer Market: Increasing Demand for Small-scale Freeze Drying …
Global Small Batch Freeze Dryer Market Overview:
The Small Batch Freeze Dryer market is a broad category that includes a wide range of products and services related to various industries. This market comprises companies that operate in areas such as consumer goods, technology, healthcare, and finance, among others.
In recent years, the Small Batch Freeze Dryer market has experienced significant growth, driven by factors such as increasing consumer demand, technological advancements, and…
Global Small Gas Engines Market, Global Small Gas Engines Industry, Covid-19 Imp …
The Small Gas Engines market is expected to grow from USD X.X million in 2020 to USD X.X million by 2026, at a CAGR of X.X% during the forecast period. The Global Small Gas Engines Market report is a comprehensive research that focuses on the overall consumption structure, development trends, sales models and sales of top countries in the global Small Gas Engines market. The report focuses on well-known providers…
Small Appliances Market: Strategic Assessment of Emerging Technologies in Small …
Small appliances market is forecasted to grow substantially in all market segments through 2016 owing to the rise in living standards and need for more comfort. Small appliance industry consists of home appliances that are movable or partially movable and can be used on tables, counters, or other platforms. The growth of small appliances market is expected to be driven by product innovation, upgradation of existing products, and value-added features…
